Yes, I think user-defined currencies would be the solution. When setting up an account, the dialog box to choose which currency to use for the account has a "Type" drop-box, that only currently shows "CURRENCY". I assume another commodity namespace would show up in there ? That seems the most logical.
bruno On Tue, 30 Dec 2003, Derek Atkins wrote: > Ok, you've got a good point. File a bug report at bugzilla.gnome.org. > Should we make another special commodity namespace for "non-ISO > currencies" or "user-defined currencies"? > > -derek > > bruno schwander <[EMAIL PROTECTED]> writes: > > > On Wed, 24 Dec 2003, Derek Atkins wrote: > > > >> Just set up a Stock or Mutual account, which will help you keep track > >> of the amount of the commodity in addition to the value of said > >> commodity. A stock/mutual account is a type of asset. Why do you > >> feel you need an account of type "asset" specifically? > > > > for the same reason that a checking account is not a stock market account > > with dollars traded in it, where you 'sell' and 'buy' dollars; but instead > > you use a 'bank' type account. Fees and all transaction are made in the > > unit of the account (dollars, deutsche mark, or weight of metal for > > example) > > > > You have never seen metal-denominated bank accounts ? I can tell you it is > > common, not just with the e-currencies, and they are NOT stock or trading > > accounts. > > > > This is pretty different from having a stock or mutual account. It is not > > different from how national currencies are handled in normal checking/bank > > accounts, there is just another unit, a certain weight of metal that > > increases or decreases with each transaction. One does not 'buy' and > > 'sell' the commodity, there are therefore no buy and sell prices, and one > > does not care what those prices are except when some transactions are made > > out to a different currency. > > > > Telling me to use a stock/mutual fund account to represent a > > gold-denominated bank account is aking to the following situation: > > > > Let's imagine that GnuCash is totally US-centric and only manages US > > dollars. Someone comes along and wishes GnuCash managed also Indian > > rupees. The solution, he is told, is to have a stock account in which he > > trades Indian rupees in and out, converting payments and such in US > > dollars. > > > > Does that make sense ? It seems not. The indian guy does not care for US > > dollars except for that small USD account that he uses to receive money > > his relatives in the US send him. Twice a year he transfers the USD > > amounts to his Indian rupees account, but the vast majority of his > > transactions are in Indian rupees. > > > > So that is why I think that metal-denominated 'bank' accounts should be > > available in gnucash, just as DM, USD, YEN, and CHF... > > > > bruno > > > >> > >> -derek > >> > >> bruno schwander <[EMAIL PROTECTED]> writes: > >> > >> > Hi, > >> > > >> > A quick suggestion for the assets accounts, that I think would be a first > >> > for an accounting software and very in-line with > >> > open-source/alternative/free/privacy etc. mentality of the open-source > >> > movement: > >> > > >> > It should be possible to define an asset account in a different unit than > >> > just some national currencies. For example, precious metals. This is > >> > probably not very common in the US, but it is possible in some countries > >> > to have gold or silver-denominated accounts. Of course balances have to be > >> > tracked in terms of mass of the given metal in the account, and a national > >> > currency value could be derived from online quotes (just like stocks). > >> > > >> > This would also make it much easier for those who use precious metals > >> > backed e-currencies (e-Gold, etc.) > >> > > >> > If this can already be managed by some asset/stock account scheme, then > >> > I'd be glad id someone can point it out, thanks ! > >> > > >> > bruno > >> > _______________________________________________ > >> > gnucash-devel mailing list > >> > [EMAIL PROTECTED] > >> > http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel > >> > > >> > > >> > >> -- > >> Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory > >> Member, MIT Student Information Processing Board (SIPB) > >> URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH > >> [EMAIL PROTECTED] PGP key available > >> > > > > > > -- > Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory > Member, MIT Student Information Processing Board (SIPB) > URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH > [EMAIL PROTECTED] PGP key available > _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
